Inflation in Georgia

Georgia Inflation | Economic News & Forecasts

Georgia - Inflation

Available indicators point to stronger activity in the second quarter, following a robust expansion at the outset of the year. Growth is estimated to have accelerated in May, coming in well above the average reading for the first quarter. Momentum appears to have carried over into June on the strength of the external sector; merchandise exports surged on greater base-metal exports and buoyant demand from Georgia’s key trading partners—particularly Turkey and Azerbaijan. On the domestic front, inflation sunk to a nearly two-year low in the second quarter, likely supporting household spending. Meanwhile, on the political scene, the country’s parliament approved a restructured cabinet on 15 July. The new government’s manifesto could alleviate decades-long tensions between Georgia and Russia.

Georgia - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)-0.5  3.1  4.0  2.1  6.0  

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Georgia Inflation Chart

Georgia Inflation
Note: Inflation, annual variation of consumer price index (CPI) in % (aop).
Source: National Bank of Georgia.

Georgia Facts

Exchange Rate2.460.0 %Aug 07
Stock Market0.10.55 %Aug 07

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